Deals & Dealmakers
NAIOP-NJ honors commercial real estate industry leaders
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Back row l-r: Michael McGuinness (NAIOP NJ), David Greek (Greek Development), Meryl Gonchar (Sills Cummis & Gross PC), Gene Preston (Dermody Properties)
Deals & Dealmakers
On the Scene: Besen tapped for East Village walkup, Ideal marketing former Swedish athletic club
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AGENTS Besen & Associates announced that Eric Tiefen and Shlomo Gelernter have been retained to sell 506 East 6th Street in the East Village.
Deals & Dealmakers
LEASES: CPEX reps for Uber support center; JLL tapped for five lease in Midtown buolding
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● CBRE Booze bigs lease NJ warehouse Booze distributor Gordon Logistics has leased a new 270,000 s/f warehouse in New Jersey. CBRE announced that the third-party
Deals & Dealmakers
SELLING POINTS: Turnbridge Equities pays $56M for Bronx site; TEI buys mixed-use CT portfolio
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● TURNBRIDGE EQUITIES Investor places $56M bet on last-mile market Turnbridge Equities has expanded its last mile industrial portfolio in New York City
Deals & Dealmakers
SL Green sells 521 Fifth to Savanna for $381M
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A joint venture between SL Green Realty Corp. and an institutional investment partner, entered into an agreement today to sell 521 Fifth Avenue to Savanna
Deals & Dealmakers
SELLING POINTS: Gaia makes $52M condo buy; Hakimian fund buys Queens development site
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● GAIA REAL ESTATE GAIA continues buying in bulk GAIA Real Estate has acquired 90 condo units in a bulk sale for $52.5 million from the original sponsor
Construction & Design
Big business leasing new office space faster than New York can build it
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With more than 9.5 million s/f of new office space due to open in Manhattan, Brooklyn and Queens by year’s end, New York is the second-fastest growing
Deals & Dealmakers
Fosun looks to sell minority stake in 28 Liberty Street
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Fosun International is putting its marquee Manhattan office tower on the market but not in the way many might think. The Chinese conglomerate moved quickly
Deals & Dealmakers
Industry gives tech firm MetaProp $40M vote of confidence
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Real estate tech firm MetaProp has raised $40 million in venture capital from the largest consortium of real estate supporters it has ever gathered.
Featured
After a volatile year, market braced for more of same
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2018 has been a tumultuous year for New York City real estate. The year began with a nervous luxury sector and a new Federal tax plan. The shock closure
Deals & Dealmakers
ON THE SCENE: A&G Realty to manage sale, lease of Chelsea store; TEI buys former firearms facility
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AGENTS A&G Realty Partners has been retained by Gracious Home to manage the sale of the lease for its 17,000 s/f store in Chelsea, following the retailer’s
Construction & Design
Olayan gets landmark approval for 550 Madison makeover
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The New York City Landmarks Preservation Commission (LPC) today (Tuesday) approved new design for 550 Madison, the landmark former Sony Building in East Midtown.